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Cumin: Sowing increased by 15 percent in Gujarat, pressure on prices started
Currently, sowing of cumin is underway in major producing states. After initial slowdown, sowing of cumin has started picking up pace in Gujarat. Even after this, stockists are continuously selling cumin. Jeera is likely to remain under pressure in the domestic markets in the coming days.
Domestic Production Dynamics:
Gujarat and Rajasthan, as primary contributors to the national cumin output, are actively immersed in the current sowing season. According to the Gujarat Agriculture Department's latest data, cumin sowing in Gujarat has surged to 88,700 hectares, marking a 15% increase compared to the same period last season. Forecasts indicate a potential 25% rise in overall cumin cultivation, portraying an optimistic outlook for domestic production.
International Market Scenario:
The Unjha market, serving as a crucial hub for importing countries, has experienced subdued activity despite sporadic purchases reported from Bangladesh. Notably, Afghanistan and Iran are emerging as new players in the global cumin production landscape, joining traditional producers like Turkey and Syria. The quality of cumin from these regions, particularly Turkey and Syria, is acknowledged to be inferior to Indian cumin.
Figures and Export Insights:
The total cumin production in the initial five months of the current financial year (April-August 2023) reached 69,779.04 tonnes, contributing significantly to an income of Rs 2425.69 crore. In comparison, the quantitative export of cumin witnessed a decline of 23.76% from the previous year. Despite this, the income generated from cumin exports surged by an impressive 26.33%, reaching Rs 1919.97 crore. This intricate trend highlights a unique scenario where financial gains have outpaced the quantitative export figures.
Wholesale Price Expectations:
Despite the positive surge in sowing and production, the domestic wholesale prices of cumin are anticipated to face sustained pressure. The complex interplay of factors in the cumin market suggests a need for careful observation and strategic planning as the season progresses.
Coriander sowing in Gujarat lagged behind by more than 62%
Like other Rabi crops, sowing of new coriander crops has started in Gujarat but it is still lagging behind by more than 62 percent. This information was received from the latest data released by the State Agriculture Department. As per the report Coriander sowing is lagging in most areas of Gujarat compared to the same time last year.
Here is a comprehensive overview:
Gujarat-wide Sowing:
Current Season: 35,800 hectares
Last Season: 95,600 hectares
Difference: Decreased by 59,800 hectares (62.55%)
Saurashtra Region:
Current Season: 35,200 hectares
Last Season: 94,800 hectares
Difference: Decreased by 59,600 hectares (62.86%)
Kutch Region:
Current Season: 400 hectares
Last Season: 500 hectares
Difference: Decreased by 100 hectares (20%)
North Gujarat Region:
Current Season: Yet to Start
Last Season: 100 hectares
Difference: Lagging behind by 100%
This analysis provides a clear picture of the decline in coriander sowing across various regions in Gujarat, emphasising substantial reductions in both the current season and region-specific comparisons.
Conclusion
The recent market report on Coriander and Cumin sheds light on the contrasting scenarios in both crops' cultivation. While coriander cultivation has faced a considerable decline, especially in regions like Saurashtra, cumin cultivation presents a different narrative. The states of Gujarat and Rajasthan, major contributors to cumin production, have witnessed a positive uptick in sowing, showcasing an increase of about 15% compared to the previous season. The shift in global dynamics, with emerging producers like Afghanistan and Iran, adds an interesting dimension to the cumin market. The upcoming months will unfold the repercussions of these sowing patterns, influencing market dynamics and trade relationships. Stay tuned for further updates on the evolving landscape of spice cultivation and its impact on the market.
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